Understand time zones, daylight saving, and server times ...

Slack Group For Learning Crypto Technical Analysis

Hi, we have a group of 10 people in our Slack. We are looking to expand this number and hopefully you will be a good fit :) . We are searching for people who have some experience with technical analysis based trading or are at least experienced with paper trading. This could either be in Cryptocurrencies which is the main focus of the group. Or could be in other markets like Forex or Stocks.
We have a variety of skill levels in the group from beginners through to profitable, we all want to improve quickly. Ideally you would have the same aspirations. One of the main goals of this group is to help each other to become consistently profitable traders who can trade as their full time job.
Everyone in the group trades separately and has their own accounts. We don't want to sell you anything, we are just building a community that aims to help each other succeed.
Some of the things we do in the slack are:

If you are interested in finding out more about the group or want to join, either comment below or Pm me with the below template.
Expression of interest template:
Name:
Country:
Time Zone:
How much experience you have in trading:
What you trade:
Additional comments:
---
Example expression of interest:
Name: Ben.
Country: Australia.
Time Zone: AEDT (GMT+11).
How much experience you have in trading: 6 Months.
What you trade: Cryptocurrency spot and futures. Mostly BTC, ETH, ADA, LTC, ATOM, XTZ, ETC, LINK, THETA.
Additional comments: I have been trading as a pair with 1 other person for the last 6 months. We have been meeting 5 days a week for those 5 months. Working together has been really beneficial for us. The slack group has been around for nearly 2 months now and has made a positive difference to my trading. It took the benefits I was getting from trading with 1 other person and multiplied them.
If you have any other questions ask below :)
submitted by Bensetera to ethtrader [link] [comments]

Futures Trading

Hi, we have a group of 12 people in our Slack. We are looking to expand this number and hopefully you will be a good fit :) . We are searching for people who have some experience with technical analysis based trading or are at least experienced with paper trading. This could either be in Cryptocurrencies which is the main focus of the group. Or could be in other markets like Forex or Stocks.
We have a variety of skill levels in the group from beginners through to profitable, we all want to improve quickly. Ideally you would have the same aspirations. One of the main goals of this group is to help each other to become consistently profitable traders who can trade as their full time job.
Everyone in the group trades separately and has their own accounts. We don't want to sell you anything, we are just building a community that aims to help each other succeed.
Some of the things we do in the slack are:
If you are interested in finding out more about the group or want to join, either comment below or Pm me with the below template.
Expression of interest template:
Name:
Country:
Time Zone:
How much experience you have in trading:
What you trade:
Additional comments:
---
Example expression of interest:
Name: Ben.
Country: Australia.
Time Zone: AEDT (GMT+11).
How much experience you have in trading: 6 Months.
What you trade: Cryptocurrency spot and futures. Mostly BTC, ETH, ADA, LTC, ATOM, XTZ, ETC, LINK, THETA.
Additional comments: I have been trading as a pair with 1 other person for the last 6 months. We have been meeting 5 days a week for those 5 months. Working together has been really beneficial for us. The slack group has been around for nearly 2 months now and has made a positive difference to my trading. It took the benefits I was getting from trading with 1 other person and multiplied them.
If you have any other questions ask below :)
submitted by Bensetera to FuturesTrading [link] [comments]

Looking For People To Join Our Crypto Technical Analysis Slack Group.

Hi, we have a group of 10 people in our Slack. We are looking to expand this number and hopefully you will be a good fit :) . We are searching for people who have some experience with technical analysis based trading or are at least experienced with paper trading. This could either be in Cryptocurrencies which is the main focus of the group. Or could be in other markets like Forex or Stocks.
We have a variety of skill levels in the group from beginners through to profitable, we all want to improve quickly. Ideally you would have the same aspirations. One of the main goals of this group is to help each other to become consistently profitable traders who can trade as their full time job.
Everyone in the group trades separately and has their own accounts. We don't want to sell you anything, we are just building a community that aims to help each other succeed.
Some of the things we do in the slack are:
If you are interested in finding out more about the group or want to join, either comment below or Pm me with the below template.
Expression of interest template:
Name:
Country:
Time Zone:
How much experience you have in trading:
What you trade:
Additional comments:
---
Example expression of interest:
Name: Ben.
Country: Australia.
Time Zone: AEDT (GMT+11).
How much experience you have in trading: 6 Months.
What you trade: Cryptocurrency spot and futures. Mostly BTC, ETH, ADA, LTC, ATOM, XTZ, ETC, LINK, THETA.
Additional comments: I have been trading as a pair with 1 other person for the last 6 months. We have been meeting 5 days a week for those 5 months. Working together has been really beneficial for us. The slack group has been around for nearly 2 months now and has made a positive difference to my trading. It took the benefits I was getting from trading with 1 other person and multiplied them.
If you have any other questions ask below :)
submitted by Bensetera to CryptoMarkets [link] [comments]

Started from the bottom and I finally made it! My tips for new traders starting.

A little background, 23 year old dude from Singapore with IT background (Ethical hacker), friend introduced me to Forex which he eventually quit but I didn't. I love challenges and now I plan on taking up Forex trading as a career apart from my passive income jobs.
When I first started trading, I was frustrated! I had so many unanswered questions, why do I keep getting stopped out? Why are my profits so low? Why was my trades always going opposite only once I opened. Is my broker trading against me? So I paused and walked away from the charts for a few weeks, in that break I took it upon myself to understand more about Forex before opening the charts again and here is what I learned. Mind you, I did not buy any course or Indicators! All I did was read articles on the internet, watch a ton of YouTube videos and tried almost all indicators .

Here we go, my tips. These are based on my views
  1. UNDERSTAND BANKS AND BIG FINANCIALS INSTITUTIONS MOVES THE MARKET - No retail traders will be able to move the market like how the Big Banks move the market. You need to understand how banks move smart money and dumb money.(Will explain more later in the post)
  2. STOP SEARCHING FOR THE HOLY GRAIL - No indicators is going to tell you where is the best entry or best exit. They often lag and are behind time so by the time you enter a trade, the trend has already moved a certain percentage causing you to lose precious pips that you could have gotten as profits. Instead look at the charts to search for "low risk, high probability trades" (Will explain more later in the post)
  3. LOOK OUT FOR NEWS (fundamentals) - Big impact news move the markets with big moves, don't get stopped out because you entered at the wrong time without knowing that there is a high impact news in a few minutes/hours. It might hurt your account badly even through you have a stop-loss. Understand the nature of the news and how it will impact the currency.
  4. DO NOT CHASE PROFITS - Chasing profits will be the number one reason you blow your account because no amount of money will satisfy you, you will always want more. Trust me, I've been there and done that . Instead start looking at percentage earned and loss, because in Forex you need money to make money. Lets say you have a target of 5% a month, with a $1000 account that is only $50 and doesn't seem significant but do that with a $100,000 account and you will get $5000 every month. I think you will get it by now. You can't just open a $1000 account and expect to be a millionaire in 1 month. Greed will take over you and you will blow every account you open.
  5. DO NOT OVER LEVERAGE YOU ACCOUNT - By over leveraging you will be able to open larger lot sizes and you will feel good that you can use less money to earn more profit! Then you will start trading, say you profited your first trade and you feel good about yourself. Profited your second trade and feel even better. So you go bigger in the third trade, and guess what? You lost this trade. And this one loss is enough to wipe out your whole $1000 account.
  6. MORE TRADES DOES NOT GIVE YOU MORE PROFITS - As a trader you should understand not every trade will turn out positive, there will always be negative trades. And at times you can have more negative trade than positive but still end up with profits at the end of the week? This is where quality over quantity trades comes in play. Lets say for example you had 4 losing trades and 2 winning trades, your losing trades are 2% each and your winning trades are 8% each, add them up and you will still have 8% profit. This is also a very important part called risk management. YOU MUST UNDERSTAND RISK MANAGEMENT ELSE YOU WILL ALWAYS FAIL IN FOREX.
  7. NEVER CHASE THE MARKET - Markets move 24/7 from Monday 5 AM to Saturday 5 AM (Singapore time, GMT+8). There will be plenty of opportunity to enter the market. You don't always need to have an open position during this time to feel like a trader. Smart traders look for the best opportunity to enter the market at certain levels. Missed an opportunity, don't worry! There will always be another opportunity, trust me! By chasing the market and always trying to open a position, it will only cause you to blow out your account faster.
  8. PATIENCE PATIENCE PATIENCE - I can't place more emphasis on this point. Once you have analysed the market and placed your trade, be patient and let the market work for you. By you sitting at the screen 24/7, the trade is not going to go by your way magically. Remember Bulls will Profit, Bears will profit, only Pigs will get slaughtered! Don't let greed eat you alive.

Now lets talk about the "low risk, high probability" trades and how I trade. Trading is easy, if you take some time to understand it.

How I trade? That's a simple question. I use supply and demand together with fundamentals. I keep my charts clean off indicators. I know I know as soon as I say supply and demand, some of you are going to be like supply and demand doesn't exist in the currency market. But I hope you understand this are my views.
Supply and Demand
Supply and demand levels are zones that tend to be tested again and again till its broken creating another level for supply and demand. You are basically trading against the trend and I know people will be scared and think I'm dumb for saying. But once I learned this theory and started practicing it, I kicked myself in the bum for being so dumb all this while. This zones are also known for when banks throw large amount of money into the market. Bank traders do not have their screen cluttered with tons of indicators like retail trades who is just in search for the holy grail. They practice supply and demand. Let me put it in a easier context, It is basically buying a currency at wholesale and selling it at a retail price. People always practice this everyday in life like buying more of a certain item just because it is on discount at a supermarket but I don't understand why they neglect it when it comes to Forex. It is no different here in the markets. I am not going to say no more, as I want you to google more about it and understand it yourself, that is the best way you will learn better. Watch YouTube videos, read articles, see how bankers trade, understand why they place the trade.
Also understand that there is no supply and demand in lower time frame like M1 or M5, its just noise. For myself, I use H1/H4/D1.
I make 100-200 pips per week and that is enough for me currently, Remember don't be greedy.
However when there is news events, supply and demand may be ignored due to the nature of how fundamentals affect the market differently. Understand the difference and with that I have came to the end.
Remember to treat yourself once in awhile when you do good each month, You will enjoy trading better. Let me tell you the best part about trading, is that you can work from anywhere in the world, be your own boss and never be pressured by anyone.
If you have made it this far, I thank you for taking your time to read this thread. This may be your first step to success.

HAVE A GREAT WEEKEND AND HAPPY TRADING

submitted by Rishanan to Forex [link] [comments]

some helphul common terms for forex traders

Common terms:

submitted by livmarsh1992- to u/livmarsh1992- [link] [comments]

101 full forms and abbreviations to expand your knowledge

We are here with another blog to expand your knowledge regarding these full forms and abbreviations.
In the era of digital media, using abbreviations throughout the day has become part of our routine. Whether it’s OK, IG, DM, RT or any other abbreviations.
So, in this blog, we thought to inform you about some more full forms and abbreviations which are beyond social media. Full forms that you should definitely know and lock in your mind.

Here is the list of 101 full forms and abbreviations –

1) Time Zone Full-forms –

  1. ISTIndia Standard Time
  2. GMTGreenwich Mean Time
  3. AM / PMAnte Meridian / Post Meridian
  4. AD / BCAnno Domini / Before Christ
  5. CE / BCECommon Era / Before Common Era

2) Business terms Full-forms –

  1. SENSEXSensitive Index
  2. NSE / BSENational Stock Exchange / Bombay Stock Exchange
  3. NIFTYNational Stock Exchange Fifty
  4. FOREXForeign Exchange
  5. IPOInitial Public Offering
  6. B2BBusiness to Business
  7. B2CBusiness to Consumer
  8. CTCCost To Company
  9. CEOChief Executive Officer
  10. BPOBusiness Process Outsourcing
  11. CFOChief Financial Officer

3) Electronics and Internet Media –

  1. COMPUTERCommon Operating Machine Purposely Used for Technological and Educational Research
  2. CCTVClosed-Circuit Television
  3. Wi-FiWireless Fidelity
  4. ModemModulator-Demodulator
  5. VPNVirtual Private Network
  6. JPEGJoint Photographic Experts Group
  7. GIFGraphics Interchange Format
  8. PDFPortable Document Format
  9. InternetInterconnected Network
  10. LASERLight Amplification by Stimulated Emission of Radiation
  11. CRTCathode Ray Tube
  12. RADARRadio Detection And Ranging
  13. INTELIntegrated Electronics
  14. USBUniversal Serial Bus
  15. UPSUninterruptible­ Power Supply
  16. LEDLight Emitting Diode

4) Mobile Terms Full-forms –

  1. GPSGlobal Positioning System
  2. GSMGlobal System for Mobile Communications
  3. GPRSGeneral Packet Radio Service
  4. EDGEEnhanced Data rates for GSM Evolution
  5. VOLTEVoice Over Long-Term Evolution
  6. STDSubscriber Trunk Dialling / Subscriber Toll Dialling
  7. ISDInternational Subscriber Dialling
  8. SMSShort Message Service
  9. SIMSubscriber Identity Module
  10. IMEIInternational Mobile Equipment Identity
  11. OTGOn-The-Go
  12. AMOLEDActive-Matrix Organic Light-Emitting Diode

5) Famous Ventures –

  1. KFCKentucky Fried Chicken
  2. AdidasAdolf Dassler
  3. MRFMadras Rubber Factory
  4. BMWBavarian Motor Works
  5. FIATFabbrica Italiana Automobili Torino
  6. TVSThirukkurungudi Vengaram Sundaram (Vehicle Company)
  7. JCBJoseph Cyril Bamford
  8. ESPNEntertainment and Sports Programming Networks
  9. MDHMahashian Di Hatti (Spices Company)
  10. AMULAnand Milk Union Limited
  11. PVRPriya Village Roadshow
  12. LGLucky-Goldstar
  13. HPHewlett-Packard
  14. LenovoLegend novo (new)

To know more such full forms and their abbreviations, please check out our blog - 101 full forms and abbreviations to expand your knowledge
submitted by askingmindsblog to knowledge [link] [comments]

Time zones.

I was just curious what time zones would you consider living? I am GMT+3 and what I have noticed after 7 months on the forex market that almost nothing happens before London opens and then New York. For me technically the fun starts after 11 am and ends around 11 pm. Considering this and the fact that I am early bird I basically have nothing to do on the market between 5 am when I wake up and 11 am. So the question is what would be the best time zone to live if Forex is your business so you can cover both London and New York? I know that it depends on the strategy used but still one needs to be intact with the two major markets. I did my research and turns out this will be Azores Islands, some of the Brazilian shore, Portugal, West Africa, UK(I won't live there), New York, Eastern Canada, Greenland and Iceland.
Any other suggestions?
submitted by panaka09 to Forex [link] [comments]

Questions on converting GMT+0 data (Dukascopy) to New York close candles

Hi all,
I downloaded Dukascopy historical data. The data is one hour per file and the time zone is GMT+0. I would like to write some program to convert the tick data to New York close candles, such as four hours and daily. In each week the data starts from 23h Sunday to 22h Friday.
I have several questions on the time zone conversion,
1, No matter what session we talk about, one Forex trading week always contain 24*5=120 hours, right?
2, What's the data in each week should be converted to NY close? Since NY is GMT-5, I think the NY week should start from the sixth hour of the week in the GMT+0 data?
3, Then when is the NY week end in the GMT+0 data?
To be clear, we can think the GMT+0 data is, Sunday: 2 hours, Monday~Thursday: 24 hours each day, Friday: 22 hours Then how to split those 120 hours to 5 candles with NY close?
I used TickStory to generate the NY data, but there is some wrong prices which generate very bad result in my back test, so I would like to generate the data by myself.
Thanks
submitted by wqking to Forex [link] [comments]

Forex market hours clock  Forex time zone converter[Forex ... Forex Market Hours : Best Time To Trade In Forex USE FOREX TRADING HOURS TO INCREASE PROFITS!  MARKET ... Timezone Clocks. Financial Forex Stock Market Times How to Find your MT4 Broker server time or timezone used ... Free Forex Time Converter (Converts Time To GMT) Best Forex Trading Hours GMT, EST AEST 2

Forex Market Center Time Zone Opens GMT Closes GMT Status; Frankfurt Germany: Europe/Berlin: 07:00 AM 13-November-2020: 03:00 PM 13-November-2020: Closed: London Great Britain: Europe/London: 08:00 AM 13-November-2020 : 04:00 PM 13-November-2020: Closed: New York United States: America/New_York: 01:00 PM 13-November-2020: 09:00 PM 13-November-2020: Closed: Sydney Austrailia: Australia/Sydney ... Forex trading time zones explained by currency trading experts, Read this article to the end to finding out what is Forex time zones.. Forex trading time zones. Forex market is a 24 hours trading market. This market opens on Sunday 7 PM EST and remains open till 5 PM EST and in this time the market does not close for a second. Forex trading hours can be said to be a time period that is made up of a day of business in the financial market, which covers periods from the opening bell to the closing bell. It is required that all orders for the day should be placed within the time frame of the trading session, with bulls and bears participating in shaping the live market prices. GMT and EST hours for trading Forex. Forex market welcomes traders 24 hours a day. Forex market opens on Sunday 5 pm EST (10:00 pm GMT), closes on Friday 5 pm EST (10:00 pm GMT). Trading sessions according to GMT (Greenwich Mean Time): Forex Market Time. Forex market is a 24 hours market around the clock. But for all currency pairs, volatility does not stay equal. It varies time to time for different sessions. Forex Sessions are basically stock exchange time across the globe. When stock market opens major transaction happens. Thus it moves the currency market as traders are buying and selling stocks with currencies. Forex ... GMT is the abbreviation of Greenwich Mean Time and is used to define standard time zones. Although GMT has no offsets from UTC time, it is not a time standard. However, GMT and UTC are interchangeable most of the time unless you are a pilot or an aerospace engineer. An important fact is that neither UTC nor GMT is related to daylight-saving time (DST). For example, New York is in GMT-5 time ... Time Zone: Forex Trading New Zealand- NZD: UTC+12 (+13) Forex Trading Australia- AUD: UTC+10 (+11) Forex Trading Japan- JPY: UTC+9: Forex Trading Hong Kong- HKD: UTC+8: Forex Trading Shanghai- CNY: UTC+8: Forex Trading Singapore- SGD: UTC+8: Forex Trading India- INR: UTC+5:30: Forex Trading Russia- RUB: UTC+3 : Forex Trading Johannesburg- ZAR: UTC +2: Forex Trading Frankfurt- EUR: UTC+1 (+2 ... Because the Forex market operates in multiple time zones, it can be accessed at any time. Yet, seasoned traders know that there is an unofficial concept of Forex market hours. It starts at 7:00 am, in Sydney, Australia - at the Australian Eastern Standard Time (AEST) zone, which is 10 hours ahead of the Greenwich Mean Time (GMT) or GMT +10 and ends at 5:00 p.m. in New York, the United States ... Home > Articles > Forex Education > Forex broker server time (GMT offset) Forex broker server time (GMT offset) When it comes to MT4 charts, not all brokers are created equally. Depending on the MT4 broker’s server time, the charts or the candlesticks on the charts are calculated differently. For example, most GMT brokers tend to have an additional candlestick such as Sunday candlesticks as ... When trading in the Forex market it’s very important to understand the time zones correctly and to be able to calculate the difference between your time zone and the timezone of your trading server and the timezone of the specific trading session. Some MetaTrader expert advisors (that are created to trade during a certain time or a trading session) require trader to set an input parameter ...

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Forex market hours clock Forex time zone converter[Forex ...

Join our signal service here - https://thefxace.com/Forex_Signals Grab Your Free Money Making Report - https://thefxace.com/Free_Report Sign Up For Free Week... Best Forex Trading Hours GMT, EST AEST 2 These world time zone clocks are designed to assist anyone in seeing the time in various world timezones. There are many GMT shift clocks available and are perfect for trading activities in the ... How to Find your MT4 Broker server time or timezone used on your MT4 Forex trading platform NEWEST VIDEO MUST WATCH: "+1000 Forex traders prove that directio... Forex market hours clock Forex time zone converter[Forex Toolbox] What are the major Forex market trading hours? Easily convert the major market trading h... The major forex trading hours and forex trading sessions explained in detail for you. Aside from the forex time zones, I also want to talk about the forex ma... European Market - Forex Trading Hours The time of trading sessions in Europe is very different from that of Asia due to the difference in time zones. Frankfurt opens at 7:00 AM Central European ...

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